HP Names CEO Whitman as Chairman Replacing Whitworth
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Hewlett-Packard Co. named Chief Executive Officer Meg Whitman as chairman of its board, giving her the responsibilities of Ralph Whitworth, the activist investor who’s stepping down from the post for health reasons.
Pat Russo, a current director, was appointed lead independent director, and Klaus Kleinfeld, CEO and chairman of Alcoa Inc., was brought in, increasing the board’s membership to 12, the Palo Alto, California-based company said in a statement yesterday.